Stage-Gate Process
The Stage-Gate Process is a systematic approach used by organizations to manage product development from idea to launch. It divides the project into stages, where each stage involves specific tasks, and is followed by a "gate" where a review occurs. At each gate, decision-makers assess the project’s progress, feasibility, and alignment with business goals. The process helps ensure that resources are allocated wisely and that only the most promising ideas move forward, reducing risks and increasing the chances of successful product launches.
Additional Insights
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The Stage Gate Process is a structured approach used by organizations to manage product development. It involves dividing the process into distinct stages, each followed by a "gate" where decisions are made. At each gate, project progress is reviewed, and a go/no-go decision is made based on criteria such as feasibility, market potential, and resource availability. This method helps teams focus their efforts, allocate resources wisely, and reduce risks by ensuring only the most promising projects move forward. It enhances accountability and clarity throughout the development journey.